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Emirates Reports $3.8 Billion Net Loss, Cuts Quarter Of Staff In H1

Posted on November 12, 2020 by Wole Shadare

Mega carrier reports loss for first time in over 30 years Confident of speedy recovery once vaccine is rolled out Emirates Group lost AED 14.1 billion ($3.8 billion) and shed 24% of its staff in the first six months of its latest financial year as a result of the Covid-19 pandemic, the group said on Thursday. Group revenues dropped 74% to AED 13.7 billion ($3.7 billion) in H1, compared to a profit of AED 1.2…

SA Not Out Of The Woods Yet With Re-Opening Of Nation To Int’l Tourists- AASA

Posted on November 12, 2020November 12, 2020 by Wole Shadare

The prospects for Southern Africa’s economic recovery and future growth, along with securing millions of jobs in the region, received a welcome boost last night, with President Ramaphosa’s re-opening of South Africa to all international tourists, but we are not out of the woods yet. The decision marks the culmination of an intensive effort by industry, led by the Tourism Business Council of South Africa, AASA and partner bodies, to persuade the South African government…

NCAA: FAAN Needs Urgent Funding To Tackle Obsolete Facilities

Posted on November 11, 2020 by Wole Shadare

Existing aviation Acts archaic The pitiable financial situation of the cash cow in the aviation industry, the Federal Airports Authority of Nigeria (FAAN), came to the fore as the Director-General of Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, appealed to the National Assembly to assist the authority carry out its statutory responsibilities. Nuhu made the appeal to the Senate through the Chairman, Senate Committee on Aviation, Senator Smart Adeyemi, at the just concluded stakeholders…

Reps Set Up Committee On Airport Concession

Posted on November 10, 2020November 10, 2020 by Wole Shadare

The House of Representatives Committee on Aviation led by Nnolim Nnaji has set up sub-committee to interface with the Ministry of Aviation, the financial adviser, (FAD) and the project delivery team, (PDT) on the proposed airports concession by the Federal government. The sub-committee is to review the reports of the FAD and the PDT which according to the chairman fell below expectations. Nnaji in his opening remarks emphasized that the intervention of the committee was…

Aviation Industry Bills: Solution To Aviation Sector Woes?

Posted on November 10, 2020November 10, 2020 by Wole Shadare

No doubt, the aviation industry in Nigeria needs urgent reforms. Most of the laws operated by Nigerian aviation agencies are obsolete and do not meet the challenges of a fast-paced, dynamic aviation industry. WOLE SHADARE, who was at the public hearing, writes that passage of the six bills will engender best practices for the entire system The public hearing last week in Abuja may have come and gone. The three-day event, which sought inputs from…

N4bn Bailout: Operators Want State-Backed Airlines Excluded

Posted on November 10, 2020November 10, 2020 by Wole Shadare

Aero, Arik, Ibom may be affected Rather than being a succour for them, airline operators are at loggerheads over modalities for sharing the N4 billion bailout fund approved by the Federal Government for airlines that have faced threat of extinction occasioned by COVID-19 outbreak. There are indications that state-funded airlines like Aero Contractors, Arik and Ibom may not benefit from the largesse as many private-owned carriers are canvassing for their exclusion from the fund, which they…

Airlines I’ll Go Bust Without Govts’ Support-IATA DG

Posted on November 9, 2020 by Wole Shadare

Director-General of International Air Transport Association (IATA) Alexandre de Junaic has predicted tough times for African airlines, saying airlines will go bust without support from governments in the form of bailout. He disclosed that already, four African carriers have ceased operations and two are in administration, stressing that without financial relief, many others will follow. Just last week, Nigerian government harkened to plea of stakeholders and airline operators by releasing N4b to struggling carriers which…

Air France-KLM Group Launches New Base In Dubai

Posted on November 9, 2020 by Wole Shadare

Air France-KLM Group has launched a new regional headquarters at Dubai Airport Free zone after restarting operations in the Middle East region earlier in the year. The group’s entire regional team is now based at the free zone, including general management, HR, finance, commercial, UAE country management and regional sales support. The new ‘flex work office’ provides a more flexible and relaxed workplace with fewer fixed stations and offices. “Our aim is to continue to…

Airlink Reconnects South Africa With Botswana

Posted on November 9, 2020 by Wole Shadare

Airlink, the privately-owned regional airline has announced plans to re-connect South Africa and Botswana when it resumes scheduled passenger services between Johannesburg and Gaborone next week and to Kasane and Maun next month. This follows Botswana’s phased lifting of travel restrictions that curtailed travel while it worked to successfully contain the spread of the Coronavirus. “Airlink is looking forward to re-establishing the vital services between Johannesburg and Botswana’s three key destinations that sustain the all-important business,…

Olateru: AIB’s Multi-Modal Bill’ll Reshape Aviation

Posted on November 9, 2020 by Wole Shadare

The proposed Nigerian Safety Investigation Bureau Bill, 2020, an Act to provide for an effective legal and institutional framework for the regulation and administration of safety of transportation occurrences in Nigeria, is expected to put Nigeria amongst the world’s greatest in line with global trend and best industry practices. Commissioner, Accident Investigation Bureau (AIB), Akin Olateru, made the disclosure at the weekend in a paper he presented to the Senate Committee on Aviation on the…

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